HoneyHive, a leadingAI agent observability and evaluation platform, Announces Launch and $7.4M in Total Funding led by Insight Partners

NEW YORK, April 8, 2025 /PRNewswire/ -- HoneyHive, a leadingAI agent observability and evaluation platform, today announced its general availability launch alongside $7.4M in total funding, including a $5.5M Seed round led by global software investor Insight Partners and a previously unannounced $1.9M Pre-Seed round led by Zero Prime Ventures. The funding and GA launch follow exceptional growth during the company's beta period, with over 50x increase in requests logged through the platform in 2024 alone. The Seed round saw participation from prominent investors including Zero Prime Ventures, 468 Capital, and MVP Ventures, while the Pre-Seed round included AIX Ventures, Firestreak Ventures, and notable angel investors such as Jordan Tigani (CEO at Motherduck) and Savin Goel (CTO at Outerbounds). The new funding will accelerate product development and team growth to meet market demand, with a focus on advancing evaluation capabilities for emerging agent architectures, expanding observability features, and deepening enterprise integration options.

As enterprises deploy increasingly sophisticated AI agents, the challenges of evaluation and monitoring have grown exponentially. Multi-agent systems, complex interaction patterns, and long-running processes create observability challenges that traditional monitoring tools cannot address. HoneyHive's platform, built on OpenTelemetry standards, enables organizations to comprehensively evaluate and monitor their AI agents throughout the entire lifecycle – from initial development to large-scale production deployment.

"The transition from experimental AI agents to production-ready systems requires a fundamental shift in how we approach evaluation and monitoring," said Mohak Sharma, CEO at HoneyHive. "Our GA release builds on the lessons learned from our beta customers, delivering a comprehensive platform that addresses the challenges of complex agent architectures. With today's funding announcement and general availability of our agent evaluation platform, we're enabling enterprises to deploy AI agents to production with confidence."

"Enterprise AI agents are evolving from performing simple tasks to becoming the building blocks of sophisticated AI systems," said George Mathew, Managing Director at Insight Partners, who will join HoneyHive's board of directors. "HoneyHive's approach of leveraging traces for evaluations and monitoring within multi-agent architectures, plays a critical role in the enterprise AI stack. The team's awesome execution and deep technical expertise positions us well in this segment of the observability market."

During its beta period, HoneyHive doubled its team size and saw rapid customer adoption across industries, from innovative AI startups to Fortune 100 companies in insurance and financial services. The platform's sophisticated approach to agent evaluation, combined with its enterprise-ready features, has made it an essential tool for organizations building and deploying complex AI systems at scale.

Following strong customer validation during its beta period, HoneyHive's GA release introduces enterprise-grade features including:

• Advanced offline evaluation frameworks for testing complex agent interactions pre-production
• OpenTelemetry-based monitoring for seamless integration with existing observability stacks
• Systematic detection of edge cases and failure modes in multi-agent systems
• Self-hosted and dedicated cloud deployment options for regulated industries

"Enterprises are struggling to bridge the gap between AI agent prototypes and production-ready systems," said Dhruv Singh, CTO at HoneyHive. "By closing the loop between development and production monitoring, we help companies systematically evaluate their AI agents, catch failure modes early, and continuously improve performance based on real-world data. That's why we're seeing such strong demand from enterprises looking to scale their AI initiatives and achieve real ROI from their AI investments."

About HoneyHive

HoneyHive's enterprise-grade platform enables organizations to build, test, and deploy sophisticated AI agent systems with confidence. Through comprehensive automated evaluation frameworks and OpenTelemetry-based observability, HoneyHive helps teams prevent costly mistakes and ensure reliable agent performance at scale. For more information on HoneyHive, visit honeyhive.ai or follow us on X @honeyhiveai.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of September 30, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

SOURCE HoneyHive